Central Bank Watch
Czech Monetary Authorities Plan No Tightening of Ultra-Accommodative States Before 2H16
September 24, 2015
A statement after the latest policy review by officials at the Czech National Bank speaks of better-than-anticipated Czech domestic growth but doesn’t back away from forward guidance of a continuing very easy stance persisting into the second half of next year. The policy combines a “technical” interest rate, which is really 0.05% with a koruna […] More
Central Bank Watch
Filipino Central Bank Interest Rates Left Unchanged
September 24, 2015
The key rates have been 6.0% for the overnight lending rate and 4.0% for overnight borrowing since increases of 25 basis points each in July and September of last year. Policy was not changed in 2013, but it was loosened four times in 2012. A statement from officials at Bangko Sentral ng Pilipinas predicts that […] More
Central Bank Watch
Policy Easing at the Central Bank of the Republic of China
September 24, 2015
From Taipei today came word of the first central bank interest rate change there since June 2011, when the last of five straight 12.5-basis point hikes was engineered. Like those moves, today’s action was decided at a regular quarterly monetary policy review. Taiwan’s discount rate now falls back to 1.75% from 1.875%, and a statement […] More
Central Bank Watch
Central Bank of Norway
September 24, 2015
Norway’s key monetary policy rate has been cut by 25 basis points at a second straight meeting of the Executive central bank board, and the released statement warned of further possible reductions in the coming year. The economy of this energy producer has been hurt by sharply falling oil prices. The statement provides two reasons […] More
New Overnight Developments Abroad - Daily Update
Continuing Selling Pressure on Brazilian Currency
September 24, 2015
Having punched through the four per dollar threshold for the first time just two days ago, the battered Brazilian real sank to as low as 4.1795 earlier today. This 36% year-to-date decline on top of a 12+% slide in 2014 has intensified since S&P downgraded Brazil’s credit rating to junk status earlier this month. The […] More
